Wednesday, September 17, 2008

Vietnamese footwear exports to Germany on the rise

Despite the EC’s imposing anti-dumping tax on Vietnamese footwear, the volume of leather shoes exported to Germany continues to rise.

Vietnam ranks second only to China among footwear exporters to Germany. The German Rhein Post newspaper on September 13 said that in the first half of this year, Vietnamese footwear exported to Germany increased by 10.2 percent to 41 million pairs of shoes compared to the same period last year. Last year Vietnam exported 71 million pairs of shoes to Germany, up 7.2 percent.

In 2007, Chinese footwear accounted for 51 percent of total German footwear imports, followed by Vietnam (14 percent) and Italy (7 percent).

One of reasons that Vietnamese and Chinese footwear are imported to Germany is that they are much cheaper than those made in Germany and other European countries.